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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 41 - Conservation, Rehabilitation and Liquidation
Section 59A-41-48 - Order for payment of assessment; domestic mutual, reciprocal insurers.
Universal Citation: NM Stat § 59A-41-48 (2017)
59A-41-48. Order for payment of assessment; domestic mutual, reciprocal insurers.
After levy of assessment as provided in Section 739 [59A-41-47 NMSA 1978] of this article, upon the filing of a further detailed report by the superintendent, the court shall issue an order directing each member (if a mutual insurer) or each subscriber (if a reciprocal insurer) if he shall not pay the amount assessed against him to the superintendent on or before the day to be specified in the order, to show cause why he should not be held liable to pay such assessment together with costs as set out in Section 742 [59A-41-50 NMSA 1978] of this article and why the superintendent should not have judgment therefor.
History: Laws 1984, ch. 127, 740.
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